Full-Time

Quality Improvement Business Analyst

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry

Greenville, SC, USA

Requires in-office presence Monday to Thursday, remote on Fridays.

Category
Business Research
Project Management
Strategy Development
Business & Strategy
Required Skills
Visio
Financial analysis
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree in Accounting, Finance, Mathematics, Computer Science, Economics, or equivalent education and related training preferred or equivalent work experience
  • Zero to two years of experience in any combination of finance, operations, risk management, quality assurance, consulting, product development, project management, banking or equivalent (experiential advanced degrees may reduce this requirement)
  • Excellent decision-making and verbal skills
  • Ability to synthesize complex data and deliver findings in a simple and easy to read format
  • Demonstrate ability to listen, ask questions and comprehend new or complex matters
  • Demonstrate proficiency in basic computer applications, MSP, and Microsoft Office software products, particularly Excel, PowerPoint and Visio
  • Proficient with Black Knight’s Mortgage Servicing Platform (MSP) servicing system and overall mortgage servicing processes (e.g. acquisitions/transfers, Customer Service, Escrow Administration, Payments, Payoffs, Investor Reporting, Collections, Loss Mitigation, Foreclosure, Bankruptcy)
Responsibilities
  • Support the day-to-day needs of Mortgage Lending by providing data analysis, project deliverables, risk management and operational needs to achieve strategic objectives
  • Perform analysis of findings and trends using statistics, modeling, process documentation and profitability analysis
  • Identify root cause, gather requirements and provide recommendations for identified issues by collaborating with Stakeholders including but not limited to, Origination, Servicing, Secondary Marketing, Mortgage Lending Administration, Risk Management Organization, Model Risk Management, Internal Audit, external auditors and consultants to elicit business needs, gather requirements and offer solution
  • Prioritize analysis of exceptions, findings, reports, processes, controls and technology for optimum deployment of mortgage resources for increasing profitability and reducing risk
  • Develop competitive industry studies, key performance indicator (KPI) metrics and key risk indicator (KRI) metrics
  • Effectively summarize and present findings and project results to Mortgage leadership
  • Engage with subject matter experts (SMEs), business partners, technology group and others to develop clear and accurate reporting, process maps, financial insight, operational support and analysis
  • Demonstrate a positive organized, efficient, detail-oriented and creative mindset in all work activities
  • Perform work with autonomy
  • Research and Root Cause Analysis
  • Quality Oversight process – reviewing fails, LOB rebuttals, QC of testers (10%)
  • Develop new tests and updating current test – test plans, reference guides
  • Control Development and Testing

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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